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UK P&I Club and TT Club announce merger discussions

The UK P&I Club and the TT Club have announced that they are currently engaged in discussions regarding a potential merger between the two...

The London P&I Club opens representative office in Shanghai’s Pudong free trade zone

The London P&I Club announced the opening of its new Representative Office in Shanghai, located in the city’s dynamic Pudong district – designated by...

The Swedish Club reports strong 2024 results, bolstered by member loyalty and strategic focus

The Swedish Club has delivered strong results for 2024, posting a USD 34 million profit and significantly increasing free reserves to USD 217 million,...

Lianson Fleet to form joint venture with Precious Shipping and Emstraits Navigation

Lianson Fleet Group Bhd has entered into a joint venture agreement with Precious Shipping and Emstraits Navigation. In a filing with Bursa Malaysia on Friday,...

Times are changing for marine insurance, says IUMI President Frédéric Denèfle

Opening this week’s International Union of Marine Insurance (IUMI) annual conference in Berlin (Germany), President Frédéric Denèfle focused on how change was likely to...

Positive development across all lines of marine insurance business continued in 2023, reports IUMI

The International Union of Marine Insurance (IUMI) presented its analysis of the latest marine insurance market trends at its 150th annual conference in Berlin, Germany. The...

London P&I Club reports strong financial results for the 2023/24 financial year

The London P&I Club announced its financial results for 2023/24, reporting an operating surplus of US$36.3m, strengthening its free reserves to US$149.8m. Gross Earned...

The London P&I Club announces CEO transition

The London P&I Club announced that Ian Gooch will be stepping down during the year from the role of Chief Executive Officer after 15...

Ship insurer Britannia is helping in Baltimore bridge probe

Britannia, the insurer of container ship the Dali, is working with the vessel’s owner and U.S. authorities on the investigation into the collapse of...

Insurers could face losses of up to $4 billion after Baltimore bridge tragedy, analyst says

Baltimore’s Francis Scott Key Bridge collapse could cost insurers billions of dollars in claims, analysts say, with one putting it at as much as...

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Carnival Corporation & plc achieves record full year adjusted net income and investment grade leverage metrics, reinstates dividend

Carnival Corporation & plc announced financial results for the fourth quarter and full year 2025 and provided an outlook for the first quarter and...

IMPERIAL PETROLEUM reports third quarter and nine months 2025 financial and operating results

IMPERIAL PETROLEUM INC., a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today its unaudited financial and...

KCC Capital Markets Day – Fleet expansion and optimization supporting continued profitable growth and value creation

Klaveness Combination Carriers ASA hosts its Capital Markets Day at the company’s headquarters in Oslo. At the event, KCC presents its strategy for 2026–2030;...

Trafigura publishes 2025 Annual Results

Trafigura Group Pte Ltd, a global leader in the commodities industry, announced its financial results for the 12-month period ending 30 September 2025. Chief Executive...

Castor Maritime sees strong increase in Q3 net profitability 

Castor Maritime Inc., a diversified global shipping and energy company, announced its results for the three months and nine months ended September 30, 2025. Highlights...

Intermodal Weekly Market Report [W51]

While the war in Ukraine remains unresolved, any meaningful deescalation arising from ongoing peace...

Baltic Index falls to five-month low as vessel rates decline across the board

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting...

Celestyal celebrates Celestyal Discovery’s Arabian Gulf debut

Celestyal has held a series of plaque exchange ceremonies to mark Celestyal Discovery’s debut...

Golden Island appoints Capt Kevin Wong as chief operating officer

Singapore-based marine fuels supplier Golden Island has appointed Capt. Kevin Wong as Chief Operating...

Baltic Index falls as vessel rates slide across all segments

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting...

Port of Patras: Patradise Marina, cruises and new development projects in focus

A working meeting with the Minister of Maritime Affairs and Insular Policy, Vassilis Kikilias, was held on Tuesday by the President and CEO of...

Port of Los Angeles on track for third best cargo year on record

The Port of Los Angeles processed 782,249 Twenty-Foot Equivalent Units (TEUs) in November, a decrease of 12% compared to last year’s elevated cargo levels....

China ups demand to controlling stake in Panama ports deal, WSJ reports

China has upped its demands and is now pushing for state-owned ship operator Cosco to get a controlling stake in a $22.8 billion ports...

PPA’s five-year plan based on three pillars

The new five-year business plan of the port of Piraeus focuses on the utilization of more financial tools, its strengthening as a key transit...

Skaramangas Shipyards becomes Green Award Incentive Provider, strengthening support from a growing European shipyard

The Green Award Foundation welcomes Skaramangas Shipyards, the largest shipyard in Greece and one of the most significant shipbuilding and repair facilities in the...